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All Forum Posts by: Didier Bizimungu

Didier Bizimungu has started 5 posts and replied 89 times.

Post: Sober Living thoughts?

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Hi Sherri, 

I'm doing the same approach. I searched FARR, Florida Association Of Recovery Residences, for local residences. 

There I connected with a local org that had several homes who were more than happy to partner with me as long as I provided the home and we split profits 50/50. 

I hope to learn from them on the first one and then take off on my own from there. 

Thanks.

Post: Do DSCR Lenders Require Flood Insurance?

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Thanks, everyone - that settles it.

Post: Do DSCR Lenders Require Flood Insurance?

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Hi there! 

Since DSCR loans are commercial and not federally backed - do they need flood insurance?

Is this one of those where it depends on the lender? The property I'm considering purchasing is in AE Flood zone.
Thank you! 
 

Post: Indian Rocks Beach STR debate Largo, FL Tampa Bay Area

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Next year: why is our tourism revenue down??

Post: NACA FHB Program

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Hi Tahg, 

My experience is outlined here: https://www.biggerpockets.com/...

Let me know if you have any follow-up questions. 

Thank you! 

Post: Homeowner Insurance Policy in St Pete

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Hi Sterling, 

With a roof that old, Citizens might be your best bet.


Thanks.

Post: Renting out bedrooms

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Here to echo, Nicole as well.

I do rent by the bedroom as my primary investing strategy. Up to 5 homes currently.

Post: Owners Occupancy with NACA

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Agreed with Nicholas. 

You can also do rent by the room if you can't find a multi-family. 

Post: What are the best sites to market your rent by the room?

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

I use TenantCloud for the listing (free). 

Then advertise on other sites such as FB Marketplace.

Post: House hacking, best way to get roommate/ tenants?

Didier BizimunguPosted
  • Rental Property Investor
  • Saint Petersburg, FL
  • Posts 99
  • Votes 62

Correct on apartments.com only allows full houses. 

Although their algorithm for catching those is buggy, so you might be able to sneak some rooms in (I did by accident).

I use tenant cloud for my listings (free), then advertise on the sites already mentioned up top.

Thanks,